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Microcap & Penny Stocks : Cool Entertainment (CULE) the next HOT web stock

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To: Mikee Hughes who wrote (3)5/14/1999 10:29:00 AM
From: tobin sears  Read Replies (2) of 11
 
I was a bit leary at first too(as you can see if you go through my posts on the other cule thread). In short, I think the main MNGD shareholders, now CULE, got fed up with the industry and decided to call it quits. They ended-up acquiring Cool Entertainment through a share exchange. Basically a private company became public by acquiring a publicly traded shell. So...the original MNGD holders have a lot of shares and so do the owners of Cool. Everything has been transferred to Cool management so it's not like there are miners running an internet start-up. (: That would be funny! Anyway, I am sure the former shareholders will just sit back and enjoy the ride now. After speaking with IR and the management, I am very confident that these guys can pull it off. They also have restrictions on the 144'd shares the start becoming available for trading in a year or so. Current float is 2-4 million according to Clement Lau(president). You can order their investor package from their site. See ya...

Tobin
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